Even with all the incentives being offered, discounts and opportunities available in the market in Houston, many buyers are still not going after homes. A couple reasons seem to stand out. One is, with all the media about the economy and pending recession, many are happy keeping their money in a jar in the back yard and waiting on safer times. Another is that people appear to be trying to time the bottom to get the very best deal available. Each day we get closer to the Fed meeting, more speculation comes up about the rates being cut and dropping again. Saying that, many people are sitting on the sidelines and hoping to get the cheapest house at the lowest rate possible. While I am all about getting a great rate and a home at the best price, I also feel that many great deals are avaiable now and in many cases, especially with builders in the under 175K range, now is a great time to jump in. Buyers need to remember that waiting for that last quarter percent drop to come does not help you get a better deal on that perfect house if someone else bought it at a great price yesterday. Bottom line, get the best deal you can but look now because there are some bargains out there, AND if you are looking in the higher ranges, the media blood bath has not occured so jump on the boat before the water gets too deep for your bank account.
